Sumac Precision Engineering Limited

Sumac Precision Engineering Ltd, based in Weymouth, UK, is a large, active company founded 29 years ago. Employing 109 people and holding £5.4 million in assets, the company generates £8.4 million in revenue annually. It’s a holding company with five directors and one owner, boasting a respectable Google rating of 4.0 from 16 reviews. While it regularly exports machinery and parts, its import activity is less frequent, with only two months of electrical machinery and equipment imports recorded.

The company operates in the other engineering activities industries and offers a flexible and fast response service, solving engineering problems within budget and timescale demands. Its website highlights capabilities like milling, turning, fabrication, and laser cutting, catering to sectors including defence, renewable energy, aerospace, medical, and leisure. It also has a new factory site which will allow work on any number of large constructions.

Financially, Sumac Precision Engineering Ltd shows a mixed picture. While current assets remain stable at £5.4 million, administrative expenses increased by 15%, reaching £2.3 million. Bank borrowings have significantly decreased, falling by 45% to £100,000, and cash reserves remain strong at £1.4 million. Creditors also increased by 31%, reaching £2.1 million. The company’s size (meeting two of three conditions for a large company) suggests it's established, but the rise in administrative costs warrants attention. The accounts were audited by Albert Goodman LLP.

Overall, Sumac Precision Engineering Ltd appears to be a well-established engineering firm with a solid reputation, but it’s important to monitor the increase in administrative costs to ensure continued financial health.

Registered in England/Wales under the registration number 03103369, with a registered address at DT4 9TJ, United Kingdom, Weymouth, Dorset, 26 Cambridge Road, Granby Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.